The IMF has reduced its projection for global growth this year yet again, and is now getting close to the 3% forecast which we have stuck to since January. However, while the IMF has also reduced its...

The world’s current account imbalances have narrowed since 2008 as a result of the downturn in the US and the surge in investment in China. However, we think they will widen again in the medium term...

The latest purchasing managers’ surveys suggests global manufacturing conditions improved a little in September relative to August. But they are still consistent on past form with very low global...

Disappointing trade figures have prompted us to cut our forecast for the growth of world trade volumes to just 2% this year. This is much lower than last year’s growth, and is slightly lower than our...